Price makes a lower high
+
Indicator (RSI) makes a higher high
=
Hidden bearish divergence
It's some hopium for the bears after that big green candle today. Wouldn't put too much weight on it. But there it is for whatever it's worth!
Bulls aren't completely out of the woods yet.
+
Indicator (RSI) makes a higher high
=
Hidden bearish divergence
It's some hopium for the bears after that big green candle today. Wouldn't put too much weight on it. But there it is for whatever it's worth!
Bulls aren't completely out of the woods yet.
Note
here is the same idea on the 1D chart 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.